WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System’s (CalSTRS) Corporate Governance 2014 Annual Report shows its engagement with small-cap companies yielded remarkable progress in the adoption of majority voting standards for the election of corporate directors.
The Corporate Governance 2014 Annual Report reflects four years of work with small-cap companies—those with a capitalization of $2 billion or less—to adopt the majority-vote standard. The standard requires directors to receive a majority of shareholder support to be elected to the board.
Review of the actuarial methods and the economic and demographic assumptions used from July 1, 2006, through June 30, 2010. The results of this research are the basis for the actuarial assumptions and methods used in actuarial valuations performed as of June 30, 2011.
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